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The Morning News from Wilmington, Delaware • Page 32

Publication:
The Morning Newsi
Location:
Wilmington, Delaware
Issue Date:
Page:
32
Extracted Article Text (OCR)

B10 The News-Journal papers, Wilmington, Del. Friday. Nov. 8, 1985 80 120 160 200 240 1260 117 1300 1380 1420 NYSE Volume in millions of shares 117 I 1161 1151 1141 111 I 10 31 1 1030 I 10 291 10261 10,251 Dow Jones Average of 30 industrials, Nov. 7 High 1410 Low 1389.91 Close 1399.54 Change 1161 1151 114 111 10 31 i 10301 10291 1026 I 10251 IBusoBTiess 89 3.90 United aimoraices record aircraft order some of the six Boeing 747-200s could be exchanged for delivery of Boeing's most modern 747-400 model, which is more fuel-efficient, has a longer range and requires only a two-person cockpit crew, instead of three, said United spokesman Chuck Novak.

The 737s carry 122 passengers. The 747-200s carry more than 350, and the 747-400s carry more than 400. Kay Lund, United's director of See UNITED B9 meeting of 700 of United's top officials. The United-Pan Am deal still must be approved by the Japanese and other countries that must give United landing rights, and United said the purchase of the jumbo jets is contingent on that approval. Furthermore, Hartigan said the airline has the option of delaying or canceling delivery of all but the first 20 737s and the first two 747s, which are to be delivered by June 1988 and will cost less than $750 million.

"It's a very measured plan of expansion," said Robert Joedicke, an airline industry analyst in New York with Shearson Lehman Brothers Inc. "It's an expected order because they have delayed ordering aircraft until they settled with their pilots' union," Joedicke said. United, the world's largest commercial airline, reached a contract agreement with its 5,000 pilots June 14 after a 29-day strike. The new contract established a two-tier wage scale that paid new pilots less routes, a move that for the first time will make United a major overseas air carrier. The order is for six Boeing 747 jumbo jets and 110 short- to medium-range 737s, United said.

James J. Hartigan, United's president and chief executive officer, said the aircraft order will meet United's fleet needs into the 1990s. "This order is part of United's strategic long-range plans for growth over our domestic system as well as the soon-to-be-acquired Pacific routes," Hartigan told a By KEITH E.LEIGHTY Associated Press CHICAGO United Airlines, about to take on new routes over the Pacific Ocean, said Thursday that it has ordered up to 116 new airliners from Boeing an order worth more than $3 billion and the largest in history for civilian aircraft. The United order came as the Transportation Department gave final approval to the proposed $750 million purchase by United of Pan American World Airways' Pacific than veteran pilots. "We said we would order aircraft when we reached cost-competitive contracts with all of our work groups," Hartigan said.

"We are now positioned properly for dramatic growth in the competitive marketplace." The first 10 Boeing 737s and two 747s are to be delivered by the spring of 1987, United said, and are to be followed by 10 more 737s and two more 747s early the following year. Under the purchase agreement, Wall Street report Mixed day for market as Dow declines 3.90 Associated Press NEW YORK The Dow Jones industrial average slipped from its perch above 1,400 Thursday as the stock market turned in a mixed showing. The widely followed average of 30 blue chips, which had climbed 6.77 on Wednesday to a record 1,403.44, dropped back 3.90 to 1,399.54. Brokers said some investors were selling blue-chip issues to cash in profits after the market's recent upsurge. But they added that there was no sign of any abrupt change in investors' hopes for lower interest rates and a healthy economy in 1986.

Mattel which said its third-quarter operating earnings declined to 48 cents a share from 62 cents in the like period last year, fell 2 to 12 Vi. Royal Dutch Petroleum lost 1V to 62V. The company reported sharply lower earnings for the third quarter, and warned that oil prices might be weak in the first quarter of 1986. Among actively traded blue chips, International Business Machines was down A at 132 American Express at 467, and American Telephone Telegraph Vi at 20 v2. However Sears, Roebuck and which posted a 2.4 percent sales increase for the four weeks ended Nov.

2, rose 1 to 35 Vi on volume of more than 2 million shares. Ki.iMali Staff photo by Bob Herbert Dr. Charles F. Reinhardt, director of Haskell Laboratory, surveys animal cages in new Chronic Studies Laboratory. Pont opens new toxicology lab $10 million rescach center in Haskell complex to house up to 16,000 rats, mice Business briefs LA firm buys Du Pont adhesive business The Du Pont Co.

said Thursday that it has sold its flexible adhesives business to Whittaker Corp. of Los Angeles. Terms of the sale were not disclosed. The sale includes Du Pont's equipment for making adhesives but not the plants located at Parlin, N.J., and Toledo, Ohio, which also make other products. The adhesives are used to bind foils, films and papers used for packaging and industrial applications.

Du Pont said the sale will not reduce profits. "We feel that the flexible product adhesives business is a better long-term strategic fit with Whittaker," said Bruce A. Beardwood, Du Pont vice president of finishes and fabricated products. Du Pont would not give sales figures for the adhesives business. Poll projects decline in capital spending NEW YORK The decision by U.S.

companies to cut capital spending next year by 5.4 percent, after inflation, portends tough times for businesses, according to a McGraw-Hill Economics survey released Thursday. The forecast marked only the fourth time in the 32-year history of the McGraw-Hill poll it has projected a decline in outlays on plant and equipment. The three previous decline predictions occurred during recessions. The poll, taken in September and October, drew responses from 540 companies that account for about 30 percent of capital spending in the United States. ALICO parent says operating income up NEW YORK American International Group parent company for Wilmington-based American Life Insurance said Thursday that its third-quarter operating income rose 31 .9 percent, to $100.5 million ($1 .29 a share) from $76.2 million ($1 .02 a share) in 1 S84.

Favorable tax treatments boosted the insurer's net income 90 percent, to $113.5 million ($1 .46 a share) from $59.6 million (80 cents a share) in 19R4 By MERRITT WALLICK Staff reporter Du Pont Co. is putting the final touches on a sophisticated toxicology laboratory it says is unmatched in the United States. The $10 million Chronic Studies Laboratory near Newark is part of the Haskell Laboratory complex. This week Du Pont is celebrating the 50th anniversary of the Haskell Laboratory, the first industrial toxicology laboratory in the United States, with the opening of the lab and two-day symposium on how the chemical industry can safely handle toxic substances and allay public fears. Du Pont founded the laboratory at the Experimental Station to study the health effects of the industrial environment.

Today, Du Pont also performs animal studies of the health effects of its products, using mice, rats, beagles and rabbits. The new lab will house up to 16,000 rats and mice. It's designed to keep the animals, which are being systematically exposed to various experimental or toxic subtances, from being contaminated by people. Such contamination could ruin an experiment. "We will do everything we can to maintain the health and well-being of the animals in our care," said Robert Gibson, assistant director of Haskell.

The entire lab is divided into "clean" and a first for Haskell. Floors are colored brown on the dirty side and blue on the clean side. While all the doors are open now and visitors move freely between the two, once the lab is operating, the two sides will be kept scrupulously separated. When the tours end this week, a cleanup squad will enter the lab with disinfectant sprays, roach and rat traps, and bug baits. Making the lab clean enough for the new tenants will take weeks.

Sometime later this year, it will be declared free from germs and pests by a team of microbiologists. And the new tenants will move in. Air filters will remove everything larger than one-millionth of a centimeter from the temperature- and humidity-controlled air. Lab workers will shower and change into hospital gowns before entering the clean side. They will pass their lunch pails through special refrigerators with one door on the dirty side and one on the clean side, so the employees don't have to leave the clean area to eat lunch.

"We don't operate under a cleandirty concept in the rest of the lab," Gibson said. "It's an insurance policy, if you get right down to it." While the clean lab won't be completely sterile, it will be much cleaner than the lab is now. The animals are more likely to get sick from contamination by the lab workers than the workers are from being around rats. In 1982, a disease swept through Haskell, killing every mouse and rat there and upsetting a lot of experiments. Most of the 20 laboratories on the clean side are devoted to stainless steel cages in which the animals live out their lives while scientists watch.

Rats live about two years, mice about 18 months. Some experiments follow a rodent family through a few genertions. The toxicology symposium, held at the Hotel du Pont, looked at how well the chemical industry determines the risk of toxic substances, how well it protects the public from known hazards and how well it helps the public understand the real dangers. Dr. Bruce W.

Karrh, Du Pont's vice president of safety, health and environmental affairs, said the chemical industry is doing a good job of understanding the risks of toxic materials. Industry can do as good a job as it wants to of protecting the public from known risks, he said. The problem is communication. "We've done a very poor job of communicating those risks, and we need to learn how to do a better job," Karrh said. "We need to tell the public exactly what are the risks, tell them in a way they can understand." People want to know such things as whether they have a choice in exposing themselves to risk from a toxic substance and whether death or injury from exposure is certain.

Scientists too often try to reassure the public with dry statistics the number of deaths out of 100,000 cases of exposure, for instance that don't satisfy, Karrh said. NBC denies deal to buy 50 of CNN NEW YORK NBC denied a newspaper story Thursday that said the company will buy 50 percent of the Cable News Network from Atlanta broadcaster Ted Turner. In an un-attributed story, the Long Island newspaper Newsday said NBC will pay between $200 million and $250 million, and that NBC News would have "full editorial management control of the cable network." NBC News President Lawrence K. Grossman said, "There's nothing that's been signed, sealed, delivered or settled." Newsday said the purported sale was part of Turner's attempt I urner Businessman touts freezing as purifier to raise money so his Turner Broadcasting System can take over the moviemaker MGMUA Entertainment Co. for $1 .5 billion.

Turner said SEC regulations prohibited him from commenting on the story. He reportedly is interested in selling a minority interest in the 24-hour news channel. NBC has said it wants to enter the cable television news market. water wells and threaten to contaminate the Potomac aquifer, which supplies drinking water for much of New Castle County. A recent federal study put the cost of cleaning up Tybouts at $21 million to $370 million.

Ice pond technology would not clean up the landfill, but could be used to decontaminate ground water. Tybouts Corner residents now get drinking water piped in, and their wells remain contaminated. If the climate is cold enough in the winter, water can be purified by the ice pond method at a cost of $1.50 to $3.00 per 1,000 gallons, Taylor said. Using refrigeration raises the cost to about $5 per 1,000 gallons, he said. That compares with $5 to $6 per 1,000 gallons for other methods, he said.

To avoid refrigeration, the ice pond process requires about 500 hours of subfreezing temperatures a season. Wilmington has from 1,100 to 1,200 hours of subfreezing temperatures a season, Taylor said. The ice pond method also could be used to remove salt from sea water at about 15 percent of the cost of vaporizing it, Taylor said. Chrysler's operations reorganized By EDWARD MILLER Associated Press DETROIT Chrysler Corp. Chairman Lee Iacocca on Thursday reorganized the company he rebuilt, separating financial services, technology and Chrysler's newly acquired airplane company from the core business, automating.

The action basically redraws Chrysler's organizational chart into four easily defined categories, making its future acquisitions in non-auto businesses more visible, analysts said. Chrysler's realignment lacks the upheaval of the reorganization announced nearly two years ago by General Motors a company nearly five times Chrysler's size, which had become overgrown with redundant operations. See CHRYSLER B9 By MERRITT WALLICK Staff reporter Freezing ground water that has been contaminated by toxic waste dumps may be the cheapest way of purifying it, according to a man whose company is selling the process. Theodore B. Taylor said budding "ice pond" technology developed by his company also may be the key to making sea water drinkable.

He spoke before the Wilmington Chapter of Rotary International on Thursday at the Hotel du Pont. "Ice water is nice water, and a solution to our pollution," is the slogan Taylor said he would like to see local government adr.pt for cleanirg hazardous-waste tiumps. Taylo- is president of NOVA Inc. of a company that is trying to ice pond systems. An author ami i consultant to the Center for Eneip and Environmental Studies at Prince ton University, Taylor has a Ph.D.

in theoretical physics from Cornell University. The technology is based on the fact that water, as it freezes, squeezes out the molecules of any substance suspended or in solution. The process involves successively freezing the contaminated water and washing the toxic substances off the ice and out of air pockets. Finally, the pure ice can be melted to produce water free of toxic substances. The poisons, concentrated about 1,000 times, can be handled in a much smaller quantity of water.

Taylor cited the Tybouts Corner Landfill at U.S. 13 and Delaware 71 as an example of conditions that could be improved by ice pond technology. The U.S. Environmental Protection Agency has said Tybouts is the second-worst hazardous-waste site in the nation. Contaminants from Tybouts have leaked into local drinking Mercedes says air bags to be standard HARRISON, N.Y.

Mercedes-Benz of North America announced that air bags and front seat belts that react to sudden motion would be standard equipment on all new models. Mercedes' Supplemental Restraint System, known as SRS, was firsi introduced in Europe in 1980, and is being made standard equipment in North America to mark the company's 100th anniversary. SRS consists of an air bag for the driver and front seat belts that automatically tighten in a major frontal crash. As an option, it would cost $880. Job prospects called better for '88 grads Job prospects for college graduates are expected to be a "shade better" next year than they were for the Class of 1985.

H.rlng could be up 2 19C6. according to a survey of GT-3 employers by Pigment Council in Bethlehem, P.i. Demand for "is appears to be particularly r.forg, with emr'oyo f-nj a 7 percent increase in hiring trie bachelor's kvcl 4 percent increase in o'eqree hi 4.

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About The Morning News Archive

Pages Available:
988,976
Years Available:
1880-1988